Q1 2018: Japual Oil Posts Weak Results, Declares N3.2b Loss
https://www.businesspost.ng/2018/04/30/q1-2018-japual-oil-posts-weak-results-declares-n3-2b-loss/

pluto09:



Which one be unaudited fourth quarter result again o.
What are they up to ?

...and a likely 100% increase in dividend payout from UPL to follow (double increment Y/Y).
Perhaps 20k.
But pls dont quote us.

#that press conference gathering at the renowned university.
#BELIEVE

PETERiCHY:
Urhobo Liberation Force, ULF, a militant group in Niger Delta, has threatened to carry out a bloody operation that will throw the country into another financial slump if the Federal Government failed to make satisfactory budgetary provision for the Federal University of Petroleum Resources, FUPRE, Effurun, Delta State, in the 2018 Appropriation Bill within two weeks.

https://www.financialwatchngr.com/2018/04/30/niger-delta-militants-threaten-to-return-nigeria-to-recession/

Don't fear my dear.

Let me tell you something I learnt living in Lagos.

When agbero with broken bottle show for your area, look for scars on the face, body and missing front teeth on the agbero. When you see these, that guy is serious ooo... So settle with him. He will not lose anything if you remove a other tooth or scar him.

If the agbero doesn't have any or all of these, they can't do anything. You can even delay them sef.

So as for this militant group, they are yet to have scars and missing front teeth. So government go just dey look them like Uche.

We know those ones wey go warn and we go begin sell our shares.

mendes911:


They have dropped the result. Maybe gone for correction. Did they by any chance move FY to 2nd quarter ending?

I think.it is March ending ooo for their YE. Results usually come out after March na.

dipoolowoo:
Q1 2018: Japual Oil Posts Weak Results, Declares N3.2b Loss
https://www.businesspost.ng/2018/04/30/q1-2018-japual-oil-posts-weak-results-declares-n3-2b-loss/

He who fetches ant infested firewoods will have to dine with the lizards

swilo:
Ogas,

Is there any logical reason OANDO is pressed with a lot of offers?

#OANDOMAGIC

You no wan read report ni?

RabbiDoracle:




He who fetches ant infested firewoods will have to dine with the lizards

@ rabbi what's your take on flourmill ? For the past one wk, its bn trading on huge volumes!
Is it still a hold? Other comments r also welcome!

pluto09:



Look very well o, trying to annualize that kind of profit could be dangerous.

A large chunk of the profit is from forex gain, don't know how sustainable that will be going forward.

I however agree it is a stock to watch, seems they have turned the corner.

I think they have a good percentage sign of sustaining the result, or even moving above the projection, compared with their previous and recent result. From the look of things, the might soon join the group of Okomo oil and Prosco.

Julius Berger 2018 q1 result stands at.;
1. PAT 1.491.449
2. Other Comprehensive Income for the year,
From Exchange Difference on Transaction of Foreign Operations 1.457.129
Total 2.948.578.
3.EPS 2.23

2017 Final
1. PAT 2,572,040
2. Other Comprehensive Income 2,207,576
Total 4,779,617
3. EPS 3.62

2016 Final
The company recorded loss

Is there something am not getting right, based on some companies annualizing their result?

http://www.nse.com.ng/Financial_NewsDocs/22112_UNION_HOMES_REAL_ESTATE_INVESTMENT_TRUST_(REIT)_FINANCIAL_STATEMENTS_APRIL_2018.pdf

bigjay01:
http://www.nse.com.ng/Financial_NewsDocs/22113_FIDELITY_BANK_PLC_FINANCIAL_STATEMENTS_APRIL_2018.pdf

11kobo dividend.
Result not even bad.
why waste all these time naw......?

Jejebaba:


From Info reaching me, they might release result tomorrow with PBT around 20B but not sure of how much dividend though.

Who are you ? insider ?

Yayira:



Wema too.. since morning

Correct. Saw it but wasn't impressed with the volume so didn't think it would be a sustainable bid

Between now and 31st of MAY 2018,UPL will be repriced.
between 3-3.50 will be new price.
Expected dividend 20kobo.

Jejebaba:


From Info reaching me, they might release result tomorrow with PBT around 20B but not sure of how much dividend though.

As said, PBT of 20B naira. Anyway, not that bad result.

tritritri:



Who are you ? insider ?

Gateman in the head office .

On OANDO, if I have to put out my findings from both their YE 2017 and Q1 2018 report, some folks will be shocked !!
In truth, that coy is of a negative Fair Value. ...that is the bitter truth.
Some persons are excited, but they seem to be unaware that the acclaimed Q1 2018 result is even worse than the YE 2017 which they already know was bad.

Here are a few of the alarming highlights:

- The company has in excess of an over 170 Billion on short term facilities. ...the big worry here is that they utilized the proceeds in financing longer term projects. ...and so this will continue to pile up the already immense pressure on finance cost. This is a clear case of funding mismatch and management incompetence.
-Oando has an approx 200 Billion in negative Retained Earnings.
...now lets try and extrapolate that figure;
Going by a 19 Billion PAT from the group, assuming that run rate is maintained (...which I very much doubt given current metrics), then it would have to take a 200/19 Yr time frame, which is about 10 years before this coy can ever pay a dividend.
Except they try to neutralize this from their Share premium A/c. But then again the company is seriously cash striped. ...No wonder they had to dispose of an airline asset taking a nearly 40% haircut.
-The company is seriously struggling to meet up with its obligations to the banks. ...currently, there is an over 120 Billion loan that were restructured with a moratorium on interest. ...and ur guess is as good as mine on what will happen when those interest are capitalized.
-from their YE report, the coy practically has zero revenue, while Admin expense, Opex and Finance cost continues to jump astronomically.
-The downstream arm of business, which would've aided revenue is virtually sold as Oando owns just a minot 5% with Vitol now running the show. ...even the upstream segment is been planned for a sale in other to offset their huge debt burden.
The sale of their downstream business segment and venturing into a very complicated upstream segment, are to me 2 of their greatest undoing.

The clear truth is that there will continue to be a huge strain on Cash Flow plus a very shaky efficiency. ...add that to the far less than sound management in the coy, and it becomes 'a what u see is what u get scenario'.
With all these, u do not need a soothsayer to tell u why the auditors at Ernest & Young have consistently been issuing a caveat on doubts surrounding Oando as a going concern for 3 years now.
But folks will likely pay lip service to that.

Money could be made, but more money will likely be lost.
The key lies in be been extremely VIGILANTE !!
...because the downside risk can well surmount any financial gain.
If u must be a part of the Oando 'movie', then speculate and trade but do not key in with the mindset of an investor.
...so u don't get caught up in the web.
May that not be our lot !!

NOTE: This analysis is strictly result driven and not an interpretation for any sort of recommendation. ...DD still advised as always pls.

...my 2 cents.

Where is jejebaba bia here!
You bi insider abi ?
Ok, from now on anything fidelity we’ll contact you

bigjay01:
http://www.nse.com.ng/Financial_NewsDocs/22113_FIDELITY_BANK_PLC_FINANCIAL_STATEMENTS_APRIL_2018.pdf

Did they eventually take the impairment CBN asked them to take in Power.

Just a week end suspension ...very funny

Travelling out now for missionary work.

...be back in a week time. However, I understand the body movement of the owners of this property.

Yayira:
Where is jejebaba bia here!
You bi insider abi ?
Ok, from now on anything fidelity we’ll contact you

Which kain insider despite pestering the guy to tell me the dividend announced earlier and he refused.

GTay:


Correct. Saw it but wasn't impressed with the volume so didn't think it would be a sustainable bid

Not enough bid but was there till close of trade

One down one more to go!
Drop it like it’s hot Diamond!

Yayira:
One down one more to go!
Drop it like it’s hot Diamond!

Not complete yet oo, Fidelity's Dividend Info and Q1 2018 is yet to drop. Very important too for the market to make up its mind on how to react.
OK, here you go: http://www.nse.com.ng/Financial_NewsDocs/22117_FIDELITY_BANK_PLC_FINANCIAL_STATEMENTS_APRIL_2018.pdf
Oya dividend info where u dey?

bigjay01:
http://www.nse.com.ng/Financial_NewsDocs/22117_FIDELITY_BANK_PLC_FINANCIAL_STATEMENTS_APRIL_2018.pdf

Finally this guy is freed.
16kobo eps better than fcmb 33kobo annualised.
Share price will still be ahead of fcmb till year end.

bigjay01:
http://www.nse.com.ng/Financial_NewsDocs/22117_FIDELITY_BANK_PLC_FINANCIAL_STATEMENTS_APRIL_2018.pdf

This midnight release, what time will our gurus have to analyse this? @Yayi, 11k times 2m units nah how much?

Investnow2017:


This midnight release, what time will our gurus have to analyse this? @Yayi, 11k times 2m units nah how much?

2zona:

Not complete yet oo, Fidelity's Dividend Info and Q1 2018 is yet to drop. Very important too for the market to make up its mind on how to react.
OK, here you go: http://www.nse.com.ng/Financial_NewsDocs/22117_FIDELITY_BANK_PLC_FINANCIAL_STATEMENTS_APRIL_2018.pdf
Oya dividend info where u dey?

Q1 will follow. Jeje how far Q1 ?

2zona:

Not complete yet oo, Fidelity's Dividend Info and Q1 2018 is yet to drop. Very important too for the market to make up its mind on how to react.
OK, here you go: http://www.nse.com.ng/Financial_NewsDocs/22117_FIDELITY_BANK_PLC_FINANCIAL_STATEMENTS_APRIL_2018.pdf
Oya dividend info where u dey?

On Fidelity, am predicting a 12k dividend.
But pls don't qoute us. ...its just a mere prediction.